Banking and investment

The market for banking and investment services in KwaZulu Natal is worth about R164 million, which is a significant opportunity for your organisation. However, it's worth noting that this market isn't growing, with zero year-on-year growth, so you'll need to compete for a share of existing business. With 88 suppliers already active in this space, it's a relatively crowded market, and you'll need to differentiate your business to stand out. The Department of Trade and Industry's programme to support black-owned, women-owned, and youth-owned businesses is also relevant here, with over 35% of the spend allocated to black-owned businesses, so ensuring your B-BBEE level is favourable will be important. If I were you, I'd focus on building relationships with the 13 departments that are active in this space to understand their specific needs and see where you can add value.